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Stellar Lumens (XLM) Technical Analysis: XLM Price Could be Heading to $0.17, Here’s Why

Published 05/21/2019, 05:47 AM
Updated 05/21/2019, 07:01 AM
 Stellar Lumens (XLM) Technical Analysis: XLM Price Could be Heading to $0.17, Here’s Why

Stellar Lumens (XLM) Technical Analysis: XLM Price Could be Heading to $0.17, Here’s Why

Stellar Lumens (XLM) is positioning well for a bullish breakout on the 4-Hour chart against USDT pairing, despite the Stellar network temporarily shutting down last week due to issues with its validator nodes.

For the last 5 days, the price action has been consolidating tightly inside a bullish continuation pennant after correcting from its 15% surge on May 16. Once candles reach maximum consolidation between the two pinching trend lines, we could see XLM buyers eye the $0.17 as a new price target.

Right now XLM is down -0.88% against the US dollar and flagging -1.44% against Bitcoin.

Stellar Lumens (XLM) Price Analysis

This article appeared first on Cryptovest

Latest comments

the rocket stellar is ready to run, all technicals are showing this: volume, ADX, RSI, Stochastic. it time to by hold and wait.
I will say...hold it. wait for the next stop down.
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